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What is a 2-1 temporary rate buydown?

Housing Wire

A 2-1 buydown can be paid for by the homebuyer or the home seller can pay for it as a seller concession. A 2-1 buydown as a seller concession can sometimes make it easier and faster for home sellers to sell their home for a good price. So what is a 2/1 rate buydown? How does a 2/1 rate buydown work?

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Selling your home? Make sure you’re aware of hidden costs

Housing Wire

From staging fees, home improvements, repairs and seller concessions, there are several hidden costs involved in the selling process. To attract potential buyers, sellers have to make sure their home is aesthetically pleasing. According to HomeAdvisor , the average seller pays almost $1,500 in staging costs. Bottom Line.

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What is a home appraisal gap?

Housing Wire

Four renovations to consider before selling your house. Ask for seller concessions to make up for the increased price. Change your closing date to a more convenient one for the seller. Put simply, it’s a risk-mitigating measure. But what does it mean for you as the buyer? More for Real Estate Enthusiasts.

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A 2-1 temporary rate buydown can help you with on-the-fence buyers

Real Trends

A 2-1 buydown can be paid for by the homebuyer or the home seller can pay for it as a seller concession. A 2-1 buydown as a seller concession can sometimes make it easier and faster for home sellers to sell their home for a good price. So what is a 2/1 rate buydown? How does a 2/1 rate buydown work?

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Buyer’s Market vs Seller’s Market: What’s the Difference?

The Close

In real estate, the market is tied to the basic economic rule of supply and demand, which determines if a market is a buyer’s market vs seller’s market. I’ll help you identify “ Is it a buyer’s or a seller’s market?” I’ll help you identify “ Is it a buyer’s or a seller’s market?” What Is a Seller’s Market?

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11 Things to Do Before Listing Your Home That Are Worth the Effort

HomeLight

If you plan to live in your house while you sell it — as most sellers do — you’ll need to get into a routine of regular cleanings and quick spruce-ups before buyers pop in for showings. Gather repair and renovation records. Source: (Ricky Singh / Unsplash). Purge the house of clutter. Shred sensitive documents you don’t need.

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A Guide On How To Sell Your House Fast

Redfin

In addition to real estate commissions, you may also have to pay for: Repair and renovation. Seller concessions. If you plan to buy a house instead of moving back into a rental property , as most home sellers do, you may find yourself in a high-intensity market where you need to make offers quickly. Potential tax bill.

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